IMPORTANT INFORMATION REGARDING TAX FORMS

IRS TFOP Alert 09-27-2018: Major Changes to Tax Forms

Changes to Forms 1040 and 1040 A, U.S. Individual Income Tax Returns, and Form 1040 EZ, Income Tax Return for Single and Joint Filers with No Dependents

Following the most expansive tax law changes in 30 years, the IRS created a shorter, simpler Form 1040 for the 2019 tax season. The new Form 1040 will replace the current Form 1040 as well as the Form 1040A and the Form 1040EZ.

The new Form 1040 uses a "building block" approach, in which the tax return is reduced to a simple form. That form can be supplemented with additional schedules if needed. Taxpayers with straightforward tax situations would only need to file this new 1040 with no additional schedules.

We will distribute the Form 1040 and Schedules 1-6 as Package 1040. The Package 1040 will include one copy of the new Form 1040 along with one copy of the schedules. The Instructions for Form 1040 will be a separate product.

The MyFreeTaxes free income tax preparation program has been available since 2009. Taxpayers prepare their own returns. A free federal and up to 3 state returns can be self-prepared by taxpayers with an adjusted gross income (AGI) of $66,000 or less in 2017. There is no age limit. (Not available for prior year returns nor for foreign students.)